Soybeans rise from 3-week low

HAMBURG, Nov 27 (Reuters): Chicago soybeans rose from their lowest in around three weeks on Monday as dealers waited to see how much urgently needed rain would fall in Brazilian crop areas after leading consultants cut harvest forecasts.

Wheat and corn firmed on buying interest after Friday's falls.

Chicago Board of Trade most-active soybeans were up 0.4 per cent to $13.37-1/4 a bushel at 1212 GMT after earlier sliding to their lowest since November 2 at $13.23-1/2 a bushel. Soymeal rose 1.4 per cent.

Wheat rose 0.3 per cent to $5.79-3/4 a bushel. Corn rose 0.1 per cent to $4.64 a bushel.

"For soybeans, the market focus is all about Brazilian weather and the possible impact on crops," said Matt Ammermann, StoneX commodity risk manager.

"Some welcome rain was forecast this week after crop forecast downgrades, but markets are waiting to see how much actually falls."